Question

a broker takes two percent as Commission for the sale of property of value upto 3 lakh if the sale price is more than this the broker charges 1.5% for the remaining amount if a property was sold for 450000 what was the broker Commission

Answer 1

Total value of property = 4,50,000 (four lakh fifty thousand)
Commission of broker on 3,00,000 = 2%
                                                                                                          450000
                                                                                                      -  300000
                                                                                                         150000
Now, commission on Rs. 300000 of the property =  300000 * 2 =  Rs. 6000                        
                                                                                       100     
Now, the broker takes Rs. 1.5 on the remaining value if the value is more than Rs. 300000.
Then, his commission on remaining Rs. 150000 (450000-300000) =  150000 * 1.5 =  Rs. 2250
                                                                                                                 100
Now, the total commission is = 6000+2250 = 8250


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